secwatch.observer — SEC 8-K summary
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Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2024-08-30T23:59:59+00:00
Accession:  0000950170-24-102309
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADTRAN extends CFO and CTO contracts through 2025; reverses salary cuts due to German law restrictions
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- Extension of employment for CFO Ulrich Dopfer and CTO Christoph Glingener to Dec 31, 2025.
- Reversal of 25% salary reductions; Dopfer receives $76,875 true-up, Glingener €62,771. 2024 salaries: $427,083 and €350,625 respectively.
- 2025 base salaries revert to $410,000 (Dopfer) and €337,000 (Glingener); annual remuneration cap of €2.8M each.
- Annual RSU and market-based PSU grants each 40% of base salary; 2024 grants adjusted due to share availability (Dopfer 13,321 RSUs/PSUs, Glingener 12,044 each).
- Annual cash bonus tied to revenue and adjusted EBIT; prior performance-based PSUs and integration awards continue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000095017024102309/0000950170-24-102309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000095017024102309/adtn-20240827.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-102309

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